Chapter 126: Westeros Combo

At noon, Jonathan Friedman, Pat Kingsley and others arrived in New York, and everyone began to discuss how to deal with the current situation.

Although Simon's operation of closely following the S&P 500 curve for more than five months was fantastic, there were no violations from the beginning to the end. James Raybould judged that it was precisely because Simon's transaction records were too obvious and there were no loopholes at all that several major institutions used eavesdropping and leaked Westeros' transaction information to the media, so as to force Simon to voluntarily expose his flaws.

In those days, the Federal Securities and Exchange Commission (SEC) had an annual budget of only $100 million.

The huge sum of $1.6 billion, which is enough for one person to squeeze into the top 100 of the Forbes list of the world's richest people, is completely worth using all means.

For a young man like Simon, who has almost no background, if it can be proved that there were irregularities in Westeros' transactions, the authorities will definitely unceremoniously issue a huge bill, and Simon may not even have the original principal left.

When Simon and Janet arrived in New York together at the end of October, they rented the presidential suite at the Plaza Hotel, and it was hard to determine exactly when the bugs were installed. However, there were no irregularities in the operation of Westeros, and it was naturally impossible for eavesdroppers to get the information they wanted.

At four o'clock in the afternoon, in order to avoid the loss of public opinion caused by avoiding the media all the time, Pat Kingsley held a simple press conference on behalf of Simon as a spokesperson to officially confirm the series of operations of Westeros in the stock index futures market, and at the same time denied the media rumors that Simon was under investigation for suspected insider trading.

The high-profile Hollywood genius director suddenly became a billionaire, and with such explosive news, a simple press conference naturally couldn't satisfy the appetite of the media.

Subsequently, the number of reporters gathered outside Simon's Upper East Side apartment not only did not decrease, but increased, and even affected the traffic on Fifth Avenue for a time. Countless interview invitations were also delivered to Simon through various channels.

At the same time, the North American stock market also gave the most direct response to the revelations of the New York Times and other media outlets today. In just one day, a whole new phrase spread among countless stock market investors: the Westeros group.

The stock market crash is behind us, and no matter how much admiration and admiration may be for Simon Westeros's previous operations, it is impossible for people to go back to a few months ago to imitate them. However, the young man's trading in the stock market was very easy to follow.

Although it is not clear why Simon Westeros bought a large number of technology stocks, for a young man who has just made more than a billion dollars in the stock index futures market, the gold content of the other party's buying operation must be 100 times higher than the recommendation of any stockbroker.

The Wall Street Journal detailed a portfolio of 26 technology stocks that Westeros had bought.

According to the exposed information, Simon Westeros's buying scale is also very interesting.

26 stocks, from Motorola, which still has a market value of more than $5 billion after the stock market crash, to a high-performance graphics workstation production company with a market value of less than $200 million called Silicon Map (SG), which just went public last year, and a series of star technology stocks such as Apple, Intel, Microsoft, and Sun, Westeros has maintained a very subtle shareholding in these companies after a series of large-scale purchases.

According to the Federal Securities and Exchange Commission, investors who own 5% of a company's stock are required to report, and subsequent buying and selling operations will also be strictly regulated.

4.9%, which is exactly below the SEC's filing requirements.

Wall Street analysts also judged that Simon Westeros does not intend to hold these stocks for a long time. Since it is a short-term operation, there is no need to hesitate to follow up. As a result, in just one day, the market volume of the 26 stocks held by Westeros has soared several times compared to the previous one.

After the afternoon close, the stocks were up more than 20% on average, with some even returning to their pre-crash highs.

Simon's purchase of these stocks was a dip at the lowest point of the week of the crash, and the value of these stocks had already recovered by about 15% in the previous weeks as Westeros' buying spur stimulated the tech stock market.

Right now.

After today's surge, the book value of Westeros' technology stocks is close to $1.5 billion, and Simon has earned another $400 million in less than a month. The total value of all of Westeros' cash plus stock has exceeded $2 billion.

Simon's side.

After repeatedly confirming Simon's dealings, the questioning process, and the fact that there were no irregularities during the eavesdropping that could lead to an investigation, the crowd began to deal with the current media situation and discuss possible investigations ahead.

As James Raybould expected.

Early the next morning, a spokesman for the Federal Court for the Southern District of New York publicly stated at a press conference that the Federal Bureau of Investigation, the Federal Securities and Exchange Commission, the Federal Commodity Futures Trading Commission, and the Office of the Prosecutor of the Federal Court for the Southern District of New York were investigating Lehman Brothers' illegal operations that led to the huge loss of the Quantum Fund.

In response to questions from reporters, the spokesman did not veilly confirm the prosecutor's office's suspicion that Westeros might be involved.

Subsequently, a local television station in New York exposed a clearer underlying allegation, and an unnamed government official revealed that the prosecutor's office of the Southern District of New York suspected that Westeros was suspected of conspiring with Lehman Brothers to manipulate the market, causing the S&P 500 index to plummet through insider operations on October 22, causing huge losses to investors.

Simon never imagined that he would be buttoned up with such a big hat.

If convicted, Simon will not only face a hefty fine, but investors who suffered losses due to the collapse of the S&P 500 index on the morning of October 22 will have the right to file a lawsuit against him.

On October 22, the S&P 500 index plummeted from 256 points at the previous day's close to 197 points, and the 9,000 long contracts of the Quantum Fund alone theoretically lost more than $260 million.

Investors in the Chicago Board of Trade as a whole are clearly losing far more than quantum funds.

At that time, in the face of the claims of countless investors, Simon can directly declare bankruptcy, and the huge debt after losing the lawsuit is enough for him not to think about turning over in his life.

Simon does remember that the market crashed on October 22 due to the sell-off of Lehman Brothers, so he scheduled the last batch of more than 5,000 short contracts to be sold on the same day. However, this incident obviously has nothing to do with Simon, and it is completely an internal mistake of Lehman Brothers.

Pat Kingsley immediately came forward to deny Simon's accusation of involvement in the incident, but the relevant arguments inevitably spread.

After Mr. Simon was questioned by the Federal Futures and Exchange Commission on Monday, the following Friday, the F.S.C. also launched a question against Mr. Simon, this time with Mr. and Mrs. Raybould, who accompanied Mr. Simon to a meeting with SEC staff and again answered a series of questions about Westeros stock trading.

Inside an apartment on 68th Street on the Upper East Side.

It's Monday, November 16th.

Last night, the first snow of the winter finally fell in New York. "When Harry Met Sally" is nearing completion, and the crew has been waiting for snow to fall in New York in order to shoot some of the scenes in the film, which fell just right.

When I got up in the morning and looked at the white Central Park outside the window, Simon inexplicably remembered "Dream of Red Mansions". After eight o'clock, Jonathan and the others rushed from their residences.

The Federal Court for the Southern District of New York and other institutions have not yet officially issued a challenge, but the past week has not been easy at all.

In order to prevent Simon from being directly convicted by the surging media without even encountering formal charges, everyone has been busy with media public relations work recently, constantly clarifying and refuting and even submitting lawyer's letters to some newspapers, and also contacting other media to publish various news releases in favor of their own side to protect Simon's personal reputation.

Simon doesn't care about fame. But like many things in life, you can not care about it, but you can't help but maintain it.

If Michael Jackson, who is identified as a pedophile, is then forcibly labeled a 'financial criminal' by the media, Simon may be put on a negative buff no matter what he does in the future.

Everyone was seated in the living room with a large conference table set up directly, around a pile of newspapers, magazines, faxes, and even videotapes analyzing yesterday's public opinion, Jennifer Raybould, who was in charge of answering the phone, suddenly handed the microphone to Simon, indicating that it was Noah Scott calling.

After the incident broke out last week, at the suggestion of James Raybould, Simon did not initiate contact with Lehman Brothers, and there was no communication with Simon. At this time, when they heard Noah Scott calling, everyone had some strange looks on their faces.

Noah Scott claimed on the phone that he was nearby and wanted to come and visit, and Simon agreed.

A few minutes later.

Noah Scott rushed over, just said a few words to everyone, and then whispered with a serious expression that he wanted to talk to Simon alone. Under the gaze of everyone, Simon led Noah Scott to a living room that was still empty next to it.

The two stood by the window of the living room, Noah Scott raised his hand to wipe the moisture condensed on the glass, looked at the snowflakes floating outside the window and Central Park in the distance, and said, "Very nice house." ”

Simon looked at the blurry glass window in front of him, but didn't reach out to wipe it, and nodded: "Yes, it's a pity that I haven't had time to decorate it yet." ”

Noah Scott paused, didn't find another suitable topic for greeting, and said directly: "Simon, I have to confess to you that the situation has been very bad recently. ”

Simon turned his head and just waited for Noah Scott to continue.